Company Registration Number: 09734369 Charity Registration Number: 1165847
Wag and co·mpany North East Friendship Dogs Financial Statements
For the Year Ended 31 March 2023
When considering reserves on page 12 (SOFA) please also see explanatory notes covering the designated reserve on page 5.
Diane Morton, Chair, November 2023.
JANE ASCROFT ACCOUNTANCY LIMITED
Chartered Accountants Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XT
Wag and Company North East Friendshlp Dogs Year Ended 31 IAar¢h 2023 TNglees' Annual Repth {InwporaW the DSrecttrf$ Rept) Independenl Examinerfs Reyl io the TrLtslees ststenI of FinaNxal Actsvit* IlndudTrw ILne and Expendfture ACtnI> Statement of FinarKial Posili 11 12 13 Notss to Ihe Finandal Slatements 14 The Followlng Pages Do Not Fonlb Part of the Flnanclal Slatoments Detsiled Statement of Financial Aclivths 27
Wag and Company North East Friendship Dogs Tnlee$. Annual Report (Incorpon9 the Dir•ctots Ryrt) Y•ar Ended 31 March 2023 The trustees. who are also the dwectors for the purposes of (panY law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2023. ectlve8 and Actlvltlgs Wag and Company North East Frlendshlp Dogs (Wag & Coffyany) was Incorpated on 15 August 2015 and became a registered chanty on 3 March 2016. The chanty's object Ks to prmte scmial inclusion for the Wb1 benefit by relieving the rteeds of those peop who are socially exduded by reason of old age and assistiThJ them to integrate into sodety by the provision of a befriending service in the North East of Eknd. Wag & Company is the onty Vk%ibng dog tharity beftiendrng okler dog kjvers in th&ir homes { home placements ) as well as in re or Pwitsls across the North East region. Before 2016 visiting dogs were onty available in care or medical establK8hments and so Vlag & Company was created to prowde home bllsiting ¥th dogs to fill this gap. The charity launched in the North East where there a of the nN)st sociatty isolated cornmuniii8s in the UK and one of highesl number of dog owning h(yJseholds. Wth an hour or most weeks. profes5ionalty assessed voluntsers and their spedal dogs (Vtsiting Wag TeamslWWn$) provide cAder Fe. dog who canl have their own dogs any more. often bereaved, londy and in failing health, Vlith gy11ng to kx)k foNard to. soff company and a cuddle with that much missed furry friend. Tcrflay a small central Wag team, from a donatwj ¢)ffKe in Hexham, are managing hundreds of Vtsiting Wag Teams all across the North East region, from.Northallerton in North Yorkshire up to the Èorder th scOand and across to the t)rder with Cumbria benefithng thousands of people In their own homes as well as in care and establk%hrr¢nts. Thè home placements are referr&J by sra1 care organisations eg Social Services, Britrsh Red Cross. Age UKS, GPS. NHS Trusts, Mind etc and nce the pandemic we have also adapted our processes $0 that 1ndlvldua fallieS can refer directy to U5.The people we visit have typicalty lost friends, famity and their beloved pets. thr health arKI rrobilty a failirvJ. they go out Independent or have a dog of their own any more and they have becoTh socially isolated oftèn devebping aSsoated mental heath issues. As David I)av)n. Older Person'5 Felltyw from NorlhumbrH NHS TNst lells us.._hat you do in Wag as imp)rtant as medical treatm. baUse wthen you're k)rnty and sculty isolated, ivs almost Impossible to stay welr.
Wag and Company North East Friendship Dogs Trustoe8' Annual Report Ilneorporating tho Dlre¢torfs Report) Year Ended 31 March 2023 Their vwfs 8re from their own CmunrtieS so there is an inynedlate conneclion thrcwh th8lr shared exper¢ences of ring for dc4Js kxdty, often fomiing important friendships for Ilfe. It reconnects them th thelr comfflunitles as ¥11 as wth the Wag conynunlty. feeling Included again. a sense of bdonging. Care and medical establishments also ask us to vlslt their rndents and patients uslng our onllne ft)rms. Imiilst these people are18ss sccwlty IsoLated than ow home placements, their naed for contact wlth a dog again is no less imFnt Wag & Company is dedkated to reducing I8MeSs. The Campaign to End Lonallness statistics Show that over 50.O¢YJ pensioner8 in the reglon describe Iherrtsefves as lonety all or most of the time. Many of th8m are dog lovers as sunieys tdl us that the North East at 31 % has one of the highest numbers of dog Owning housaholds in England. The Impact of Covid-19 in North East communities has worsened the situats'on with Durham topimng Care Sources Lonoliness Index as the loneliest place In the UK: Nthvcasue up)n Tyne and Sunderland are also ranked In the top ten. al numbers four and nlne respethety. The need lor our unlque friendships for pèople ae In their homes has never b8en more necessary. As one of our older friends told us'.-'I had nothiThJ and ncNI I have a wonderful relationshlp with these lovely ffiends and my Ille has completety changed. I do g8t lonaty lfvlng on my own and I couldn't manage to havg a dog of my fy*n nryw. This 18 the best of both worfd8. If8 fanta¢, Ilko wlnnlng the Poohl"
Wag and Company North East Frlendship Dogs Tnwte88' Annual R•port (Incorpornting th• Dlr•etofs Report) (eonthuedj Y•ar Endod 31 March 2023 Achlovème 2022123 has Èeen an excellent year for Wag & Company seeing both our visitsng perfomwnea and our financials beginning to stsbilis8 and improve followng the turbul8nt years of the pandemic. We ended 2022r23 havlng met our target of 425 volunteers. with a further 60 appInts In t assessment pipeline being prcrtessed. Volunteer turnover starting to stablli80 n(yw at 34% thts year as compared to 44% last year and over 60% the year b8fore. l•NÈ are targetlng a gradual return to more norn1 20% turnover levds over thg next 3 years. budgeting 30% this year. We had 184 hom8 placements being reguLaty visited at year end compared with 128 In the PTevIous March. These people ar8 hxated across the whole regk?n. their average age is 83 years, 89% of them are bereaved and lfve alone and all of them have health conditions prohibit them from having a dag of their trwn any more. Turmver In this powlation has also been unusually hKJh at 51%. At year end we were al80 Vistbng 178 care hcffies, ho8 and hospftals and we have a longer than ever waiting list 2,871 peoplo are benefftting from Wag's visits and since we started in 2016 by tho end of March Wag volunteers had made 97.039 friend vlsits maklng an important impact oll reducing nebine88 In the North E8st. Home visiting has been broadty back on track for physical Wag vk8its st8rtlng outsk4e on long leads slnce March 2021 but v18K5ng caffj and medKal establlshments has been much more volatile. lISt most Care homes are selding bxk Into a visiting routs'ne rThi and our volunteets aro I affected by closure6 and ever-changing Nisibng prot¢xob. hospi9 hwe onty just retumed to vlslting and still many hospital wards arn not open to visitsng dogs. VS$ldng th8 frdIcal staff with our Frlendshlp Dog8 has a n•w 88Nice trtat we have been happy to enable for the staff In A&E and Efforgency Care In those Tnjsts who work wrf(h us In partnershlp: FD IthIU8y Is maklThJ a h8 drfterence to slaff in Northumb•dand and FD Teddy In Gateshead. The Increase In workload due to the 8ignrrant tumover levds In volunteers and p*ments has baen handled by broadly the exlsting staff levels. Ls despite 8ignitkant thnICal Issues with the maln Wag CRM IVRRMS) whth manag88 all our aprAlcants, volunt8eTS and placements but whl¢h are being resofved. Our dlgftalty enabled fuTrJral8lng Inttlatives financed ty The Navonal Lottery's Dlgltal Fund grnnt, 2012022, ara starting to gn Shoots. with an inmse in donations and n8W Partkipants In our Supporters scheme, Frfends of Wag where IndlvlduaLs. COrpe and Communty (care home8> through regukgr giving can supwt our work. We are also geeing signs that organlsations who benefft from our work are becomlng prepared to contribute. We are naw returnlng to a strong llion to stsrt to $t8[nabty gr(Yw agaln. both wllhln the North East and fvrther afield,. we a slartlng to pkn htyv we might use our unlque owratlng tymxlel In new geographical areas. Finally. as recipients of the Queen's Award for Voluntary Service we were saddened by the news of the Ios5 of Her Majesty Queen Elizabeth in September 2022 but we were honoured to feature in the BBC lrfbutes to her lffe and work.
Wag and Company North East Frfendship Dogs Tru8tee8' Annual Report (Incorporatlng tho DlroCtof8 Report) (¢onllnu8d) Year Endod 31 March 2023 Flnanclal Rovlew Income Overall income increased from £135,037 for the pr8vious financial year to £170,133 and is budgeted to increase again during 23r24 to £198,200. Wag has developed a variety of income sources to build resilience and li is plea$ing to not8 that income grew against all categories With the exception of 'legacies'. Overall inco growth was 26% whlch compares wlth 16.5% for next year. This budgeted lower growih rate refle¢t$ the end of TNL'S Rèaching Communty fvnd Income which has supported our transitlon pre to post digital project. Underlying budgeted groth, net of TNL income received during 22123. is close to 33%. We anlicip8te that growth rates will return to 25%+ during 24125 before levelling out to more long tem) sustainable amounts rislng to match new growth in volunteer numbors and hence visiting servi$ staff in supporL Expondlture Overall expenditure increased from £208,319 for tha Previous financial year to £212.465 and is budgeted to Increase further to £270,475 durfng 23124. However, overall expendlture Includes one off amounts which relate to the TNL digital project of £43,61X) and so'ongolng or operating expenditure, is £168,866. The dominant portion of Wag's expenditure - outside of the one off costs asscciated with the TNL digital project- relates to staff costs and these almost exclusivéty rélate to our visiting seNices team whose work supports existing volunteers and the friends they visit 8nd manages the pipeline of new volunteers through tt) deploymenL So expènditure increases are driven by increas& In staff headcount to meet demand for volunteer grovrth and visiting a¢tyvty during a peric#J where abnorrnal hlgh churn ratés were being experienced. All other non staff costs We managed lo levels similar to the pVIoUS year with the exception of direct costs associated with racwiting and assessing new voluntsers and their éogs whtch, though in proporbon to overall expenditure are small, rise in liné with volunteer growlh. Expenditu on gifts for our elderfy friends In¢reased from a low base in the prevtous year - having been deliberaiely at a record high durlng the Covid year- ba¢k to nornial levels durlng thi8 year { ¢irca £3,000) driven by the $lgnificant increase in home pla¢ements. Budgeted expenditure for 23r24 includes £30,337 whlch is funded from the remaining restrlcted funds which have previously been received from TNL to dellver the digital tranSf0mtion project. This pro11 is due for overall completion by August 23 and so 'ongoing or operating expenditure is £240,138 which sets the base for medium te annual income levels. Staff costs are expected to incre8$e in line with growth in voluntser numbers and visiting activity and, in addition, Wag Trustees decided to resolve its senior management su¢¢ession which resutts in the recruitment of a senior manager during 23124 { previously carried out on a voluntary basis I representing a step increase in staff costs. A designated r8seNes fund of £60.000 will be ulilised over the next knvo years for thb purpose. We anticipate balancing inciJm8 and expenditure during 25126 by which time annual expenditure Is predicted to Tise to around £300,000.
Wag and Company North East Friendship Dogs TnMtee8' Annual Report (In¢orporatlng tho Dlre¢torf8 Repo Year Ended 31 March 2023 Anatysls of Fvnds Movement in total fvnds reduc*d from a ul111sat of funts of £73,282 ft)r the prevws year to utilisation of £42.332 and is expecled to iKxease during 2&r24 an owall utilisation of £72,275 is budgeted. Unrestricled funds increased in the year from £110,261 to £124.487. an increase of £14,226 while restricted funds decreased from £97.048 to £40,490, a dfftase of £56.558. The ernent in restrtcted fvnds is furKlamentslty driven by the conwletion of the TNL dKJital transformation project and the associated TNL Re&hing C(Mnmunities fund. During 22r23 these utilised £57.259 of restricted funds {£41,261 + £15.998). The majority of the restrirted fund aftnt at 3113r2023 will te utilised when the project comptetes in Just 2023 as this represents a furthèr uiilisatm of £36.776 {£30,337 + £8439). An•ly818 of Reserv Total fvnds ai 3113r2023 are £164.977, of whtth restrithd fuThJs £38.151 and unrestricted funds are £126,826. The trustees have Jjreed to set aside a dwnated resen to be used in the financial years 23r24 and 24r25 of £60,000 to allcm for Sub)n planning. The senior leadership ro in Wag has b8en done on a voluntary basis for 7 years but isnl susts1rb1e. so there 1$ a need to recruit a senior manager with the abilty to ad Wag & Company into the futu. Wrthout this recruitmenc the future deveioprrent ofwag and therefore income grthvlh Uld be compromised. After the designabj resen of £60.000. unrestrthd reseNes at 3113r2023 are £66,826. Our reseNes policy requires 3 montts running costs to Ller eventualibes such as - ¢atsstrophtc falure of ITlother equipment kmg temi sthess. tsffwrary staff costs and vdatility in income generation. So, to maIn within our l1¢y. unrestrthl reserves nst ex(xd approximatety £60.000 during 23r24 rLslng to £74.500 for 24r25. With unrestricted reserves at 31st March. 2023 slanding at £66,826, without fijrther action we are forecasting to breach our reserves p)lry tuwards the end of 23r24. Vthilst this is based on fubJre forecasts which are volatile. it nonetheless represents a Signifnt risk to Wag. The Truste8S acknowledge this risk and therefore, income generation from grant and other sources is a priority for the coming year. Management protocols are in place to monitor 81 funds against policy and actions are prescribed in the event of a breach.
Wag and Company North East Friendship Dogs TnMte¢8' Annual Report {In¢orporating the Directorfs Reportl (conthu Year Endod 31 ma 2023 Thè Futur•: The demand for our unique befrienders is substantial we continue to grtyw rf VIE are to o)me close io meeting the substsntial ne&1 in our region. Vle are worknng optim11¢alty again tuwards a tsrget of 1.000 volunteers by the year 2030 and expect to be at least haw way there with 500 Visiting W Tear by March 2024. Vksibng 180 ho placements and with over 3,000 pw)ple beneffttiThJ. In addition, every week have to turn d¢xn heartbng requests for visits from swal care referrers, indNiduals or their families from areas outside of our present operating regionand as our Intention was ahvays to find a way to make SU that no dc•J b)ver shoukl have to miss hawng friend$ and regular conts¢t vAth a dog. we therefore have expanston aspirdtions. This year. we intend to expand fulty into Norlh Yorkshire induding YO,fo1[CA¥ed in 2025 by Cumbria and as sn as we have capa0 we will devek)p our approach to offering our service further afield whilst maintaining the integrity of our risk managent 4Jproach our nKMlel fDr supporttng volunteers as well as our sense of ¢xmmunty. To achieve this and the assoaated increase in volunteer numbers and home placenRnts requires an additsonal member of the visiting serv5 team. In addition. the senior leadership role of Chair and COO" has become tco big for one person and y wtll be recruiting a new senior manager io run OFerations and devebp now relationships and partrwships across an even karger region. . This trnS we will need to increase our stsff costs and trwefore our income so we are budgetin9 for 16.5% increase in income to £198,200 for the 23r24 year ' The senior readership role in Vlag ha5 been dor on a voluntary basis by ftyjnding Dlrector Diane Morton for 7 years o)mbining the roles of COO and Chair of the Trustees. This is beGomirrfJ unsustainable $0 the Trustees have a9reed to set aside a designated fimd described previousty, to support successlon and the rewitment ofthe addilw)nal role of COO. This increase in required ineome wÉll as ahvays be a challenge for us in the next years particularfy and we will be using designated resetves as defined. Vle are hopeful though that we wlll see more organisations who benefft from our Servi slart to conthbute Ihrough our Community Friends scheme or directy in the same way as our existing partnerships with for example Stockton Borough Council who see as us an impjrtant tool in their bneliness prevention strategy and the NHS In Northumberland who call us tr Doggies C Prescription wvi* o)vering ujmmunty visiting, hospit81 patients and staff. We have also18id the foundations thls year for Ixntinued grrywth in our trusts and foundatK)ns income as well as in our Friends Sche. particularly indNidual gNing, Communty FrTends as above and Corporate Friends. We are working Wlth new pathers on the possits'bties of intr(MJucing large annual fundraising events in addition to the Walk for Wag at Kiekler each September and rf( is howl that these activities will help to suPrt this challenging income target of £198.21XI.
Wag and Company North East Friendship Dogs T. Annual R•port (Incurporaury the Dire¢tof• Report) (eth Year Endod 31 Ilarch 2023 tru¢tyr• ov•mance and Mana Wag & Company North East Frkndship t)gs was wicorporated on 15 August 2015 and became registered charity on 3 March 2016. The Directors are the Trustees of the chaiity and aloNJ wilh aprM)int8d Members fom the goveming body whth has umtmate reSpOnbIlIty for the proper adrninistratw)n of the charity and acts in its interests. Nominations for Trustee appointrnents are solicited from aTh)ng the Corporate PartneTS and are app)inled by invitation of existing Trustees who assess candidates on the basis of the skills they contribute to the future direction of the organisation. New appjintees are appTised of their OblatiOnS as Trustees of the charity and as Directors of a company limited by guarantee and they receive an inducllon into the organisation, ils current pos1th and snifnt i55ues. The Board is resFrf)nsible for setting the Strateg dKe¢lb)n of the organisabon gibing constderatKM to resources and the risks and opportunilies in the OFerth'onal environment. The Board ensures com18n¢6 and has overall financial control. approving budgets and rry)niioring expendire and venues. The Board has overall approval of the prcgramrr¢ of aLvity. ensuring it is consistent with objects and rnaximises Publ benefit The Board meets at least quarterty and on other occasions as required to wi$Jer issues of pthilar svJnIftsn. Wnile the Board retains the utiimate responsibiltty for runnirKJ the charity, the management and day to day functions of implementing the Board's dec1sVJr are. at this devofved to the Chanty Director who is 81$0 a Trustee Director. The Charity Director presents a full operational report to the Board at all quarterty Board meetings hyhlighting any areas of risk that require nsleratIOn. Other oPeratn81 delwery functions are card out by paid tharity staff. a SFe¢iallst contracted accountan( a volunteer Kpklei Walk Project Team. volunteer expert advisors and a number of professionalty quali dcrfJ trainers and b&haviouralists who orErate as dog assess0 also on volunteer basts. Rok Manag¢ment statement Wag and Company airrts to lake all reasonable steps to avcAd any haTh to our staff or volunteers, their dogs, those we vlsit and the general publ as a result of our actlvities. also want to ensure that Wag and Company cx)ntinues to develop to its full tial guhled by its Vision. For these reasons, we operate a Risk Management System. It ccmprises a Risk Managerrent Pol and a number of Risk Registers, whrth are designed to assess risks, manage an appropriate response and allocaie responsibilty for aclion. The Charity's Trustees are o)IlectNety responsible for ensuring that an adequate system of risk management Is implemented and maintained and have appointsd a Trustee Director responsible for Risk to lead and oversee this prcws. The Risk Management System was developed during a detailed re¥ of the Chaiivs Plan and programffe of activtbes which were dwned to efftienty deliver ils servKes. Since the Charlty was in ts eaty stages of deVelOpt gre care was taken to assess each programme of actswty in order to anpate the major risks associated with our Charity's actNities. It was also desirable to tsst ts effectiveness of the system as tt)e operations were being bedded in. The Charity Director has deliberatety engaged in detsil operationalty from the outset to ensure that the risk management approach was continuousty revtewed and d8veknd. propedy brEfed to all new volunteers during induction and that its spe was wmprehensrie. Every¢Th is onuraged to re¥ the Risk Management Syst•n tefore (x)mncij vlslts and to pay particular attentK>n where speufic further aclion i% required by them. for example prior to visiting. One
Wag and Company North East Frlendship Dogs Tru8tee< Annual Raport oneporn9 the Dlrectotrs R•port) Yur Ended 31 11a 2023 of the major benth of operallw suth a systwn Is the 0prrtnty presents for cthtinuous improvemant based upon Ihe experience of ¢)ur vdunteers. So everyone 1$ encouraged to feedback any Issues from ¥¢bJal %Asits and discu%$ any resp(mses lch rnay be no¢essary. In thL8 way, r regislers can be updated arxl shared Tith otheTr. Malor risks include . Safeguarding of lom vlsitiThJ 01wrable adulls Fallure to secure aduste funding Failure to altract and mah)tsin adequate. suitatrAe ¥ill1yd resourras Injury to elderly Frlendl Volunt88rl m8mter of wblic a8 8 re¥ult of dog scrat(n Wag & Cornpony has developed a Safeguardlr4J Vulnerth Mulls Policy aNI onsures thal volunteers are adequatety trained In Safeguwdlng Vuknerntle Adults best wactice and bne worf(ing ere relevant. Monltoring ol p1alnnts is eorttjucted at weSCbe intervaLs wlth rwdhg and reportlng prott¢I$. Volunteers sutmnlt 8 wsit rew1 after eath visit enablSng rouUn8 understandlng of all activity and these rerots, togèther ow brtkfjent rePrj wotocols. enab woactiv8 mana3ement of Issues or or polentlal Issues. Wag & Compatys fvrthiswvJ strategy has se[j a far of funding Sources ar types such that the. risk of failure dL to single fvnder is efrninated. It has 8L80 mlnlmised opernting ¢>)sts as a regjll of the orrfJoing support its Cwte partys. tt operates a reserve pdicy whiGh retains 8 SUlUS etwrvanI to three me)nth's Operati ojsts. In ordar to address su6table person WKI injury from dog rtsk8. Wag & Company appolnt8d an Éxpert adviser in dog behavlour to design a stOm1$ad dc4J assesSrW This assèssment Is carried out of potential Visiling Wag Tea Ivdunteer and dog) by one of a number of professnallY qualified volunteer assessors and sinwJSates real hazards so that th& (kng and handler response can be judged. If In the assessorfs opinn the risks are under control. the Charity is noti that they are qualified to 8it subiecl to the succ&ssftd cOmpTh of an Enhanwl DBS C for the volunteer and the Wag Induction. For some ofthe major rth identif4J it is pcsst4é to transfer the c(¥WUenS to insurers as part of a basket of r8sporw. Th8 Charity mawilarts an appropriate leveb of Publ Liability InSUr8re. The Risk Managernenl System was reviewed by Ihe Charity TTust88s before its fr8t iMplemtsn and has been acupled for cwjing use each year after an annual review. Publlc Benefft All our actmbes are undertaken lo further charitable wrF**es for tha publ ben8fiL The Tntee$ have had regard to the Chadty Commisston¥ gutdarte on public benefft through the year when deadiTr3 on the a¢ANitses oflhe (tsity and ts fulure tlans.
Wag and Company North East Friendship Dogs Trustees. Annual Report {Incorporatlng the Dlrectotrs Reportl (eonthu8dJ Ygar Ended 31 Mah 2023 Detalls R•gistsr•d eharlty nam• Wag and Company North East Fri8ndship Dogs Charfty reglstratlon numbèr 1165847 Company regl8tratlon number 09734369 Prfnclpal offlce Northumbrfa House French Gardens Indu8trfal Estate Hexh8m Northumberland NE46 4DL Raglstsr•d office CIO Hay & Kilner The Lumen St. James, Boulevard Newcasde Helix Newcastle Upon Tyng NE4 SBZ The Truslees Allson A Ho11 Suzanne L Tall Di8n8 Morton Douglas R Morton Sophie Corvin Sean Churchlll Mkhael Madine Robert K Boville Chrktopher Farman (Retired 7 January 2023) (Appointed 7 June 2022) (Appolnled 7 J8nuary 20231 Company S•¢retary Allson A Hall Ind•p•ndent Examlmr Jane Ascroft FCA MA (Cantab) Entsrprtse House Harmlre Enterprise Park Barnard Casl County Durham DL12 8XT Small Compary Provlslons Thls roport has b8an pr8parad In accordance %Mth Ihe provisn8 ap1¢8b18 to companie8 entitlad to th8 smll companles exemption.
Wag and Company North East Friendship Dogs Trustees, Annual Report Ilncorporating the Director's Reportl (Conllnued) Year Ended 31 March 2023 The trustees. annual report was approved on Iruslees by.. 2c-/.fj/.7c>2.3 and signed on behalf ol the board of lison A Charity Secretary 10
Wag and Company North East Frlendshlp Dogs Independ•nt E¥•mln•trs R•port to th• Trustets of W•g and Compw North East Frlend•hlp Yw End•d 31 Ireh 2023 I report lo the trustees on my axamlnation of tho finandal slatements of Wag and Ccrfnpany North East Frfendship Dogs Cthe C•> for Ihe year eThJed 31 Marrth 2023. R••poMlbllllle• and Ba•ls of R•port A8 the trustees ol the company {aTrJ 8180 tt8 d11# for the pu of cnmpany law) you are r88pon8lbl8 for the preparatKJn of the financial 81at8ments In 8¢¢4ydance wAth the wulrtsments of the Companlas Act 2006 {Ihe 2006 Acf). Havlng sall8llad mysell thal the acrnunts of thé c¢)mpany are rnt requked to bg auditod under Part 16 of the 2006 Act and are al1ble for ithpendent examinglion. I rerth In re8peGt of my examlnatlon of. the charlty's 8¢aJunts as eaffled oul under sèdlon 145 of tt)e Charitlas Act 2011 (e 2011 Act.). In carying out my oxamlnatth I h8v8 fdlth¥eAI the Dirocllon8 gbmn by ts Charty CommIssi under 8ectlon 145(51(b) of the 2011 ACL Ind•p•nd•nl Ex•mln•e• 8tst•m•nt I have completod my ¢xaminatlon. I confirm that matters havo come to my attanlk)n In w)nedon with the examin8On me cause to b8llév8: accounllng re¢ord• woro not kopt In rn8pocI of the as r•qulrnd by $*Aon 386 of the 2006 Act the Ilnandal 8ts1ements do not acc¢rd ¥th th08e records: LY tho flnandal 8ts1•monts do not compty wllh the accounllng rwulrom•nts of 60Ctlon 396 of the 2006 Act ots than any requlrement that the accounts gNe a Tru8 and falrf vlew whlch 18 Mt a mattercorAldwed Js of an h)de5nt exIn0110n,. or the fln8ncl•l staterrntS have Mt been prgporg(I In arxordance wth th• methods and prfncSplg$ of the Stslement of ROcvnd Pracllce for 8CC4)untsng and roportlng by charlues •ppllc4bbè to chartuts weparlrwJ Ihelr In accordanco wlth the Flnan¢lal Reportlng StarKdard the UK and Repu of Ireland (FRS 102). I h8ve no ¢on¢¢rn$ and have coma ac¥o8s no other matters kn connectton 1h the examlnatlon to whtch attenlion Shoukl bè drawn In thls r•port In order to enable a propgr undarstandlng of the accounts lo ba reached. Jano A8LYoft FCA MA (Cantab) Independent Examlner Entsrprf$e House Hamire Enterprise Parf¢ Bamard Ca511e County Durtrn DL12 8XT 11
Wag and Company North East Friendship Dogs Statsmenl of Fln•nclal Actlvhl nelu1Th9 Income •nd •xpondlture a¢Un0 Y•ar Ended 31 Mar¢h 2023 2023 2022 funds Tatsl fund• Totsl funds Income and •ndoin•nts Donatkjns legades Charitable acbvitt86 Other Irading activilfes Inv88tment Incor Oth8r Incomo 78.663 15.944 29.426 124.569 15.944 29.426 106,022 21,056 150 T¢)t•l Incom• 124.227 45.906 170.133 135.037 Exp•ndltur• Expendllure on raWng fuTrJs: Costs ol other tradlng Expendlture on ¢•rltabl6 Total •xp•ndltur• 10 22.562 82,241 104.803 47.631 160.688 145,805 107.662 212,485 208,319 N•t oxp•ndltur• •nd n•1 rnov• In funds 18,585 158,89n (43321 (73,282> R•concSllatlon olfund• Totsl funds brought loryrd Totsl fund• rrI•d torward 110,261 126.826 97.048 38,1S1 X17,309 280,591 207,309 164,977 Statemgnl of fin818tle$ Indudes all gain8 •TrJ1088e8 rec4)gnl8ed In Ihe yaar. All Income and 8xp8nditure derlve from 0)nlInn9 a¢xfvfyo8. The note• on pw 14 to 2S fonn part of thele finan¢l•l slatomonts. -12-
Wag and Company North East Friendship Dogs Statsment of Flnanc141 Posltloft 31 March 2023 2023 2022 Current Assets Debtors Cash at bank and in hand 16 5,409 164,440 169,849 765 212,011 212.776 Credltorn: amounts falllng due wlthln one year Net Current Assets 17 4872 5,487 164,977 164,977 207,309 207,309 207,309 Total A$$•ts L•s8 Currnnt Llabllltles Net A8ts 164,977 Funds of th• Ch•rlty ReStried fund8 Unroslricted fund$ Total ch•rlty fund• 38,151 126,828 164,977 97.048 110,261 207,309 19 Fof the year endlng 31 March 2023 th6 Charity was entitled lo exemption from audrt under section 477 of the Compani88 Act 2008 reiating lo sm811 ¢ompani&8. Director8, r68pon$lbllllie8'. The members hav• not required the Company lo obtain an audlt of its financlal Ststerts for the year in question In 8ccord8neo wtth section 476., The dlre¢tors ackntywlgdge Ihelr re8pon$ibllltk*8 for complylng with the requlrements of the Act wtth respgct lo accountlng word8 and the preparation of flnancial Statemanlg. These financial statements have been propared In accordance with the provl8lon8 appltable to compan168 sublo¢1 to the small companl88' roglmg. These financial slalemenls were 8pproved by the board of trust805 and authorised for i88ue on .//..23nd are signed on behalf of the board by.. Diane Morton Trustee The noteg on pagos 14 to 26 fomi part of those flnanclal statements. 13-
Wag and Company North East Friendshlp Dogs Not•s to th• Flnanclal St•tnents Yew Ended 31 IAar¢h 2023 General InfoTmatkin charity Is a wblic befft entity and a wi¥ala CpanY lim by guarante8, regLstered in England and Wales a register&J tharfty in EnglarKI and Wales. The addr8s8 of the registsred office CIO Hay & lfjlner. Th8 Lumen. SL Jamas. Newcasd8 H8lrA, Newcastle Upon Tyne. NE4 5BZ. I Statemwt of CompllanGe These fln8nclal statements have been rrtepwed in c?nee wllh FRS 102. The Flnancial Rep)rtiftg Standard applicat4e in the UK the Republic of Irelanrt, the Statement of Recommended Pra(Aic8 aWi&iie lo charilies w8parir¥J their a(x>)unts in acurdarce wilh the Financial Reporting Stsmlard in the UK and Republ of Ireland (FRS 102) {Charitios SORP (FRS 102)) and the Companies Act 20(k8. Accounting Pollck8 B881s of Prnparathjn The Flnanclal Staternts have teen wepwed on t1 basb. as mc#JNted by the revalualion of L¥rtain financial assets and Ilabililies and Nestnts measured at fair value through income or expeThJilure. The finanrAal statements are prepwed in sterfing. Is Ihe fvnrai)nal enCY of the enbty. The entity i% a Publlc Benefft Enw. Golng Concern Thwe are no material urtertainties alM)ul the Lwitys ablThty to continue. The weparallon of the FnOI Slateff requwes management to make judgements. estimates and assumptions that affect the amounts repKJrted. Th8S8 estimates and judgemants are tsjnlinually revlewed and 8r8 based on experien and other fxtors. indudlng exp8clations of fiJlure events that are believed lo be reasonalje under the fAroJmslances. The TteaS do r¥X conswler Ihgt thgre are any $wJniftsnt estinates or jnents affecting Ih8se Financial Statemenls. Fund A¢¢ounllng Unrestricted funds are av8llable for use 81 the d1srye1i of Ihe trustees in furtherance of the purposes of the charity. Designal8d fvnd5 ar8 unr8strhawJ funds earnwked by the tJustees for SpfiC purpos8s. Restrthd fund$ are tyeIed to reslrkborts their expenthiure by the donor. -14-
Wag and Company North East Friendshlp Dogs Notss to the Flnanclal Ststsments (eondnu8d) Year Ended 31 March 2023 Accounllng Pollcl¢8 f¢onttrtu Income All Income Is Included In the Statement of Financlal Athitses when the Charlty Is entitled to th8 inGome. any perfomance related conditions attached have been met or are fijlty wlthln the control of the charity. thg lrtome Is constdered probable and the amount can be quantified reasonable acDJracy. The followng speclfic policies are applied to particulor calegorles of Income: Donatlons and legacy Income received by way of donations, legactes, grants and gifts is Included in fvll in1he Stslemenl of Fin8nclal Activities when recefvable. Where legacies have been nolilled to the Charity but the criteria for income recognition have not been mel the legacy is Irealed as a continggnt asset and disclosed If material. Grants, where enthlement is not ¢ondrtlonal on the delivery of a specthc perfom8nce by th8 charfty, are recognised when the charity becomes unconditionally 8nlllèd to the granL Donat8d services and fadlftles are Induded at the valu8 to Ihe Charfty. belng the 8mounl the Charity woukl have been willing lo pay to obtain SeCeS or f8cilities of equhalent ernnomlc en&frt on the open market. Instment Income Is Included when reGeN8b. Income from charlble trading adivlty18 accountsd for when e8med. Income from grants, where r8lated to perform8nc8 and specific deliverabl8s, ar8 accounted for as the tharfty eams Ihe right to consleration ty its perfomanc8. Expendltur• Expenditure is re¢gnised on an accruals basls as 8 Ilablllty Is Sn¢urred. Exp8ndllure Indudes any VAT which cannot fully recovered, and 18 reported 88 part of the expendtture to which 11 relates.. Costs of raising funds compw the ccsts assoclated wlth attracting donatlons. grants and leg8cle8 and the (y)sts of trading for fundral8lng purposes. Charitabl8 exp8ndilure Comprises thC costs incurréd by theccharity in the dallvery of its aclfvltles and servThs for Its beneltclaries. 11 Includes both costs that can b8 allocated dlreclly lo 8uch acdvttl88 and tho88 costs of on indirnct nature necessary lo support them. Other exper[11ur8 includes all expenditure that ts nellher relatsd to rnlslng funds for the Charity nor part of its expenditure charttsbFe aclmltes. Atl c081s are allocated b8tsveen the exp8ndilure categories of the SOFA on a basis deslgned to reflect the use of the resource. Costs relating to a particular activity are allocated direGty, others are apportloned on an appropriate ba$ls. as sel oul In the notes lo the accounls. 15.
Wag and Company North East Frlendship Dogs Nots• lo th• Flnandal Statements (¢wthiuo¢ Y•ar Ended 31 IAar¢h 2023 l Aeeountlng Pollcles Flnancl•l In8trumODts A finand818s8el or a fina)clal IMbllty18 reccwS8•d On Yen tho ontSty bacom 8 paty to th8 contractual prOVtsk ofthe Instrumnt. Bask nnancial irtnKnents am rec£wJniwJ at the amount Tec8lvabl8 or p8y8blè Indudlng any related transaction costs, unless tho arrangement constilules a finandng transaction. where 11 Is rerA)gnlsod at the present value of ihe future paYfflts dlscounted at a markel rate of Interest for a similar debt Instrumanl. Current a888ts wvj curnnt Ilabllitkn ar• Subryeq m888urod at the caBh or other con8kler8tlon expected to be pakl or rvAlved arKI not d16cwnt•d. Dofln•d Contrlbutlon Plan• Contribukn to defined contrlbutton plans are Tec4Jgnlsod a8 an exp8rw In th8 perhxl In whlch the r618ted s8Nlce proded. ep8k1 ¢4ybUt10ns arg rac/)gnlsed as 8n a88at to Ihe Oxtanl that the wepaymont WIM lead lo 8 r&yuCti In ftrtur8 paYrnts or a t48h refund. Whèn eontrlbutlon3 are not expxed lo bè 88tt1od wlthln 12 months of thè and of th8 reporJng d8te In wl)ich the empbyees Tender Ihè re18 servlce. the Ilablllty18 measured a dbcounled present value b#818. Tha urNArKllng of the dlxount 18 rorAyni&ed an 8xp6nse In the parlod In whlch tt arlse8. D•blor• Tr8d• and other debtors arn rwnl8ed at thé 8etU8ment amount du• after any tr8de dknnt offered. Prepaym8nt# arn valued at Ihe amcunt proP81d Mt of any trodo db¢ounts due. Aeerued Incom• tsx r•cov•rable18 Indudgd at tho best 08tlmalo of th8 affnIS recohmble at the balarKa 8heet date. Cuh •t B•nk •nd ln Hnd Cash at bank and $h In hond cash aTrJ $lK*I tem) hlghly Nqukl Investments th Short maturlty of tlne monts or1888 from Ihe date ol 8cqu18lUc or openlw of the doposlt or 8lmilar anI. -16-
Wag and Company North East Friendship Dogs Year Ended 31 Ilarch 2023 & Accountlng Pollcle# Crfjdhor¥ Creditors are recniSed wthere the Charlty has a presert obllgation resulth)g from a past 8vent that will probaw result in the transfer of fulS to a thlnj paty and Ihe amount du8 to settl8 the oblJation can bg méasured or esllmated relk4Lty. Creditors are nom)aty recognised at their sèttlement amount after all(Ming for any tradè discounts du8. Taxatlon The charfty Is COnred lo pass ts tests Set out in Paragraph 1 schedu 6 of the Flnance Act 2010 arKI therefore meets Ihe deffinits of a tharitable e¢xnpany for UK corporation tax purpos8s. Accordingty. the ch&Yty is potentialty exempt from tsXatir in respect of in¢>The or capital gains recewed withln categories ¢xwered by Chapter 3 Part 11 of the Corporation Tax Ac¢ 2010 or Seclion 256 of Ihe Taxa of chargeats Gairts Act 1992. to the extent that such Iome or gains ar8 applied exdusiyety to dwltable wrpose5. Llmlled by Guarant00 The cknrity is Ilmited by guarantee. At 31st March 2023 there were 8 Marnbe each of Vrtm had undertaken to Ct)ntrl)ute an am¢Junt not ex(•Jiry £10 in the event of a W1n(ng up. Oonallons and Loycles UmstrIc Rostricted Total Funds Fund8 Funds 2023 Donatron5 Corp)rate partners. pp(* ar (knKYS 30.351 30,351 Legaci L4acJes -17-
Wag and Company North East Friendship Dogs Year Ended 31 March 2023 Donatlons and Unrestricted Restri(ed Total Fund8 Ful$ Funds 2023 Grnnts Joseph Strong Frazer Tntst SirJames Knott Foundalion The William Leech CharTty Pease Charitable Trust Catherine Cookson Chartlatle Tntst The Pdnce ofwales's Charitable Fund Hodrian Trust The Parglt8r Trust Nia The CorNnunty Foundal¥)n Tyne & Wear arKI Northumbertand The J¢eY Trust mason CharItab FoundatiM- Prnwnce of Norlhumbertand David & Ruth LeVS Famity Charitsble Tn Prime vla The Communty Foundalb)n Tyne & W arwj Northumbarland D'oyly Carte Charilae Trust Other smaller grants The Natnal Lottery Re&ing Communrties grant The National Lottery Digital Fd 2 RerTh)te WO1j Mccarthy Stono Foundation 2.500 5,000 2,500 1500 4000 2,500 3,000 2,SOO 2,000 2,SOO 8,020 8,020 2.000 4.812 15,0(K) 4812 18000 4,812 4.812 3.000 7,800 21,462 21.462 4.812 4812 124,569 78,663 45.906 UrY8skncted Restiicte(l Total Funds Funds Funds 2022 CorpJr8te parthers. suppwlers and thnors 13.829 13.829 LogaGle8 12,423 12.423 -18-
Wag and Company North East Friendship Dogs Year End 31 March 2023 Restrlcted Total Funds Fund$ 2022 Fun(18 Or•nt• Joseph Strong Frazer Trust Slr James Knott Fwndalhjn The 1989 Wll8n Charitable Trust at the cmunrtY Foundation Tyne & Wear and Northumber18rJ Hadrfan Trust Barbour FoundaUon The Jok8y Trust Olhar 8m8ller grants Th8 N8llonal Lottery Reachlng CnmUnIes grnnt The Natlonal Loltery DrtaI Fund 2 Romote W9(ng S.0 7.040 7.040 2,000 5,000 5,000 3,356 44,874 5,000 106,022 3.358 44.874 56.148 49.874 Charltable ActMtI•• Urnestrlcted Tot•1 Fund• Unwtrlcted Total Fund$ FuThJs 2023 Funds 2022 Beneffclarfe8 Sole of goods 13.356 13,356 5,498 2,480 7,958 5,498 2.460 15,944 14944 Oth•r Tradlng Actl¥ft Unrestrtted Total Funds Un$ad Total Fund8 Fund8 2023 Funds 2022 Fundrakng 8v8nts Gfft ald 25.013 4.413 29.426 25.013 . 4,413 29,428 18.354 2.702 21.056 18,354 2,702 21,056 19-
Wag and Company North East Frlendship Dogs Notes to the Flnanclal Statements ¢¢onllnuerf) Year ended 31 March 2023 Investment Incom• Unrestrtcted Totsl Funds Unresthcled Total Funds Funds 2023 Funds 2022 Bank ini8resl racaNable Othor Incomg Unreslrlcted Total Funds Unrestrlcted Total Fund8 Funds 2023 Fund8 2022 Other income 150 150 10. CoBts of Other Tradlng Actlvltl•s Unre$trlGted Funds Restrlcled Totsl Funds Funds 2023 Fundraising- Ongoing costs Fundraising - One off ujsls 44,098 44098 22,562 6&660 22,562 44,098 22,562 Unrestrlcted Funds Restricted Totsl Funds Fun(Is 2022 Fundiaising- Ongoing Costs Fundralslng- One off costs 6,847 8.307 15.154 14,734 17,743 32,477 21.581 26,050 47.631 11. Expendlturo on Charllable Actlvltl•8 by Fund Typ• Unrestricted Raslricted Total Funds Funds Funds 2023 Ongoing costs One off Prect costs Support costs 36.682 58,194 19,928 4,119 82,241 94,876 19,928 31.001 145,805 26.882 63.564 Unrastricted FurKIs Restrtot¢d Totsl Funds .Funds 2022 Ongoing costs One off project costs Support Costs 10,795 10,500 11,028 32,323 84,363 95,158 10,500 55,030 160,688 44,002 128,365 -20.
Wag and Company North East Frlendshlp Dogs Nots¥ to lh8 Flnanclal Statwnents (¢onthuad) Year Ended 31 March 2023 12. Exyndlturo on Charltsble Acthiltles by Actlvlty Ty Actlvllles undertaken dir8cty Support costs Totsl fund8 2023 Total fund 2022 Ongoing costs One off prolect costs 94,876 19,928 29.891 1.110 124,787 21,038 145,805 148,898 11,790 160,688 114,804 31,001 13. Indep•ndont Examln411¢)n F• 2023 2022 Fees payable lo tho Ind8p8ndenl Oxamlner for. Indopendenl exomlnallon of the fln8nclal 8ts1oments Other fflnanGlal SONI¢8s 900 1,966 2,866 700 360 1.060 1& 81aff Co•t• The total Blaff wsts and employee beneflt8 for the r8portlng p8rfod are 8natys8d as follow8.. 2023 2022 Wago8 and 8alad68 Soclal 80curlty co8t8 Employer contdbullons to ponslon plan8 152,867 5,793 2,483 161,143 143,og9 2,940 1,643 147,682 Tho average head count ol 8mploy8e8 durlng the year we8 7 (2022.. 61. Thg averago numbgr of lu1141m8 8qulvalent ompbyees dudng the year18 analy8ed as followz: 2023 2022 No. Numbor of op8rallon81 staff Number olfundral8lng & support $tsff No 8mploye8 recelved employeo beneflts of mor• Ihgn £eO,OW durtng Ihe y•or {2022'. NII). 15. Tru¥tee R•mun•rntkn And Expen• No remunaratton or 8xpense8 werg r8coW by the Tru8teo8. 16. Debtorn 2023 2022 Prapayments and accruèd Income 6,409 765 -21
Wag and Company North East Frfendship Dogs Nate• to the Flnanclal St•tsm•nts Y•ar End 31 Ilar¢h 2023 17. Credltorn: amounts falllng du• wlthln on• y•ar 2022 Trade ryorfilors AccruaLs and deferred income SocLql secJJrity ar#J othor18X85 Other creditors 1,472 1.592 1.935 468 1,808 48n 5.467 18. P•nJlon• and Oth•r Po•1 R•tlr•m•nt B•n•ll The amount recowlwl In Nicame or oxpMditurn 88 * expen In rel8tk)n to d8fined CntrIbut1n an5 was £2,483 (2022: £1.643). 19. An•ty•l• of Ch•rft•bl• Fund• Unr••trlct•d nd& At 31 M•rch 2023 1 ArKII 2022 In¢(ffio Expendlture G8n8ral funds 110.261 124.227 1107,662) 126,826 At 31 March 2022 1 2021 IncA)m• Expgndllur• Gener81 fvnd• 72.575 85,163 (47,477> 110,261 RMtrlct•d fund• At 31 March 2023 1 Aprll 2022 . Incorng Exp¢ndltwo The Nallon81 Lottery R8atlng Communhl88 grant Olgltal Transforynalkn yojert National Lottory D[81 Fund 2 Remoto W(yklng Mccarty Sl(bng Fijundauon The Smllh (Halhthislle & $tr1) Charftable Trust 22,437 71.598 21,462 (37,460) (43.600) 27,998 31113 {399) 14.812) 2,014 4.812
Wag and Company North East Friendship Dogs Year Ended 31 tlarch 2023 19. Analysls 01 Charftabl• Funds Kavli UK Limrted Tesco Communlty Grant The Pargiter Tntst Ma The C Foundat Tyne & Wear arKI Northumberland The Prift ofwales's Ch8rllth FWKI Prime via The Communty Fc#Jndalion Tyne & Wear and NOrthuMblal The Joicey Trust {1.5CKI} {500} 8.020 2.500 (8.020) {2.5LN)) 4.812 14,812) 11.200) {104,803) 97.048 3&151 At 31 March 2022 1 Awil 2021 Income Expendllure The Nauonal Lottery ReIng ComMun&S grant Dlts1 Transfomiation Fwoiect National Lottery Dlgltal Fund 2 RenN)te Worklng 44.874 173.26n {85.588) 22,437 71,598 157.186 5,(N)O 49,874 11.98n (160.842) 3.013 208.016 97,048 -23-
Wag and Company North East Frlendship Dogs Not08 to Ihg Flnanclal Ststsments fwillntsad) Year Ended 31 March 2023 19. Anatysl8 of Charftsbl• Funds (¢onllnwd) The re51rlcted funds for the followlng purposes: Tho smfth Haltwhl811• & Dlslrtcl Charftabl• Trust provld8d 8 grant of £300 In September 2022 r8slrfcled lo contrlbule to the annual costs of 1. Vlsttlrtg Wag Team In the H8ltsvhlstl8 8r88. We have had somè lumov8r In th81 area and wa8 onty Iu8t recruited a new voluntaer In Ha1hl$ll8 and we expect them to be fully deployed and the full contslbutlon from The Smlth Hashl$ll8 & Dbslrlcl Ch8rltabl8 Tru81 to be fulty ullll88d before thè Ond of July. Th• Jolcoy Tru•1 awardad u$ a grant of £2000 on 20th Fabruary 2023 to deploy S. naw Vlslting Wag Teams In Northumb8rfand and thg old M8tropollt8n Borough of Tyne & W•ar11.0. 811 NE and SR poslcod88 and DH415. By the end of March we had recruStad 3 new V181tlng W8g Teams and w8 are conftdent that wlll bo $UPPOrtlng them and al18ast the rem8inlng 2 other new teams bgfore the Autumn. Prlmula Ch••••, vla thdr owner Th• Kavll Tru•l, donated £1.500 to our Chrfstm88 Glft of Fdend8hlp Appèal provldlng Chrfstmas box88 lor our older dog lover8 alone In thelr ovm home8. The boxes cnI81n0d a unlque handwrltton Wag Chrlslni8s Card, a W8g co08tgr d881gn8d by Al8x Cl8rk. and 8 luxury aftemoon tea box to 8h8m and calebrats Chklstma8 wllh thelr Wag frf8nd8. Parglt•r Trust Fund vla tho Communlty Foundatlon- Tyno & W•ar and Northumb•rland aw8rded u8 8 grant of £8020 on 9th Dgcember 2022 to doploy 20. V181Ung Wag Team8 wlll have completed 3000 frfend vS$lts by the and of December 2023, wlihln the Tyne & Wear and Northumberland area. By th¢ mlddle of MarGh we had deployed a1120 V13111ng Wag Toams and li8 are confident that they wlll h8V8 completed the 30C frtand vlsllg by Decembèr 2023. Th• Mccarthy Ston• Foundatlon provlded a grant of £4812 on 191h Octobgr 2022 rn8trfctod to the ¢0s18 of recrulllng, In8uranc8, deploymènt and support of 12. new toams ty 19th October 2023. By tho end of N¢)v8mber 2022 we had recrulled and deployed a1112 team8 vlslllng a mlxture of peo8 alone In tholr own homos and In Care and Medlcal e8tabllshmgnts. Th• Prfnc• of W•l•• Charlt•bl• Foundatlon. on 9th Dècémber 2022, awardod us 8 grnnt of £2500 to grow the number of V18I11ng Wag Teams to meal slgnlflcanl demand post Covld-19, Improvlng th8 health and wellbelng of many more elderly dog lover8 8cro88 the Not1h East by reduclng lonellne$$ and soclal i8018tlon. Thls oqual8$ to 6. new Vlsltlng Wag Te8ms belng fully d8pkiy•d wllhln 8 12 month perfod. By 9th M8rch we had fully Bchleved th18 target. On 1st Novgmber 2022, To8co Communlty Gr•Tht# 8warded us £SOO to brlng benoflts lo the communlty. We recruSled 1 new Visiting Wag Team for the local County Durham communlty whlch 11 be benefrttlng 36 elderly dog lovors In ihelr U4vn homes or 324 Vi81ts lo vulnerable people in care or hospital8. The current ¢ost per volunleer18 £401. As 811 our actmlles arg focused on safely dellvèrfng OLtr speclal frlend8hlp8 recnjltlng, ass6s81ng, Inductlr4J, equlpplng, Insurfng, matchlng, deploylng,. supporting 8nd ongolng monltorlng - we cal¢ul$lg the Indlvldual c051 of 8 by taklng our totsl operallng aSts and dividing by the numbgr of volunteers. Uslng tho 2021122 nancIal yoar Ihls vms £170.4791425 = £401. Th• Natlonal Lottery Re•¢hlng C*)mmunltl•s TrJnsfornMtl¢)n Prolo¢t TNL RChIng Communltlo• We recelved the fln81 payment of the extgn8ion of TNL Reathlng Communltles projacl. £10.731, In January 2023 to 8UPPOrt our operallng costs during the fln81 phase of the Implemenlallon of our Digital ProjeGL The Dlgltal Project is now Scheduled to complete In Awjust so the remaining Reaching Communities grant funds of £6,439 wlll ¢onlrlbule lo our operatlng costs during thg period 1 April to 16th July 2023.
Wag and Company North East Friendship Dogs Notss to th8 Flnandal Statements (conllnuod) Year End•d 31 Ilar¢h 2023 19. Analy818 of Charltable Funds (oonlln In additM)n, TNL Reaching Communiltes also funded a key element of the Dlgital Project. whlch was Ihe bespoke englne room of Wag. the Volunteer Recruttment. Referral and Management System(VRRMSI. At year end. £5,527 of that elem8nt of the project budget was unspent due to de18ys in the final implementstion of the VRRMS but work Is back on track arKI this will be ullllsed before the end of June. Wa wlS1 b8 submitting our end of grant report to The Natlonal Lottery when the grfdnt offlclalty ends on 17th July 2023. TNL Dlgltsl Project Fund All elements of thSs transfomigtional project have been very successfully implemented, total digilisation of the charitys operations. replacement h8thar8 and SO¥re and a complete overhaul of the charity's fundraislng approad) and ass¢xiated digital tools. webslte, financial management etc. The final funds remaining within this proAect - £30,337 fincluding the Reaching Communities speGifi¢ element of £5,527 see above) wll en8vre thls yeor the successfijl completlon of Ihis project overall. TNL Dlgltal Fund Romots w01ng 2 The final element ol thls prolect - £2,614 - L8 lo finan¢8 the link b8ts¥een the VRRMS and the office MS365 envlronment lo ensure 811 stsff - office or remote ba88é - can manage Wag auto reminders. tasks, contacts and assessment bookings in one place from wreVer they are based. Th18 work wlll be completed alongside the VRRMS work ar VAII be completed before tha end of th8 year. 20. Anaty818 of Net Assets Between Funds Unrestricted Funds RestrlGtsd Total Funds Funds 2023 Current assets Credltor5 less than 1 year Net assets 131,698 14,872} 126.826 38,151 169.849 (4.872 164,977 38,151 Unr88ts1cled Funds R8strictad Totsl Funds Funds 2022 Currenl assets Croditors lass Ihan 1 year Net assets 115.728 {5,46n 110.261 97,048 212,776 (5.4671 207.309 97,048
Wag and Company North East Friendshlp Dogs Management InfOnOn Ymr Ended 31 M•r¢h 2023 The FollTr9 Pag•8 Do Not Fonn Part of the Financlal Slatgm8nts.
Wag and Company North East Friendship Dogs YMr Ended 31 Ilarch 2023 2023 2022 In¢om• and 0ndonents Donatlons and legacles 30.351 13.829 12.423 2,500 5.000 Legades Joseph Strong Frazer Trust Sir James Knott Foundation The William Leech Charity Pease Charitable Trust Catherine Cookson Charilawe Trust The 1989 Willan Charitsble Trust at the COMMty F¢)undallon T5ffte & Wear and Northurnbed8nd The Prince of W8les's Charilable Fund Hadrian Trust Bathur Fourtdab The Pargiter Tn¢ via The ccmThnty FoUnd8n T>Tre & Wear and NorthumbertarwJ The J1CeY Trust Masonic Charitable FndatIOn- F)roMnce of Northuffberfd David & Ruth Lewis Family charitab Trtt Prfme via The Communty FourKlation T>m8 & Wear arMI D'oyty Carte Charftable Tn Other smaller grants The National Lottery Reaching Ccffimunities grant The National Lottery Digital FurKI 2 Remote WortwwJ Mccarthy Ston8 Fourmlation 5,000 2,51)0 5,01)0 3,01)0 2.01)0 2,000 s.0 8.020 2,000 4812 14000 4,812 3.000 7.800 21A62 3.356 44,874 5,000 U12 1x569 106,022 Beneficlaries Sale ol good$ 13.356 5,498 2,460 7,958 1&944 other Iradlng actmtles Fundralslng avwbts Glft aid 2S013 4.413 18,354 2,702 21,056 29,426 Invo$1rngnt Income Bank interest rece5vablg Other Income Other income 150 Ta¢•1 Incom• 170,133 135,037
Wag and Company North East Frlendship Dogs Y•ar Ended 31 Plarch 2ff23 2023 Expendllur• Costs of oth•r tradlng actlvhlè8 Fundralslng . Ongolng co¥1• Staff, payroll aThJ penslon Fundralslng and marketing materlal$ Processing foes. F*)Staga and packagh Other costs 37,824 028 81 165 14.734 5,834 951 62 21,581 Fundrnl•lng . One off costs Subcontractor costs Fundraislng digital h8rthvar8 & gurwt Websi18 robulld 5,550 17,012 20.650 5.400 28,050 22.562 Co•t• of oth•r tr•dln9 aelMtI 86,660 47,631
Wag and Company North East Friendship Dogs Notss to the D•tsll•d Stalemnt of Flnanclal ActIvI (eondnu Y••r End•d 31 March 2023 2023 2022 EXpendIre on chaTltsbl• •clMlles Ongoing co8ts Actlvltles undertak•n thr•¢ty Staff, payroll. penslon and remilimert NIC P10n G1ft8 for our elderfy al hoTh friend8 Volunteer recru11nI. InSurar8 and 8tsrt8r klts Othw dlre¢t ¢osts 78,799 &793 2.483 84.363 1,643 651 4,870 891 5,519 1.396 94,876 95.158 SUpportCts Staff pay and sub contrxtors Prof8881onal fees, accounts and genorn10Tr4 WAG man8gem8nl syslem Other 8UPPOrt rA)sts 20,918 5,704 3,009 44.002 6.325 2,794 619 29,891 53,740 On• off projoct co•t• Actlvltl•s und•rt•k•n dlr•cty Subcontractor costs Volunteer recrultment man8gfjmont watam Recrultrnant cos 9,110 152 10.500 19.928 10,500 Support t1• Sub¢onlrn¢tc¢ costs Dlgltal malnlenanca W•bslle rebulld 450 1,110 1.290 145,805 180,688 Total •xpndltur• 212,465 208,319 N•t •xp•ndlturn (41332) 173.2821